How big is the Bulgaria ICT Market?

The Bulgaria ICT Market size is expected to reach USD 8.95 billion in 2024 and grow at a CAGR of 3.15% to reach USD 10.45 billion by 2029. Read More

What is the current Bulgaria ICT Market size?

In 2024, the Bulgaria ICT Market size is expected to reach USD 8.95 billion. Read More

Who are the key players in Bulgaria ICT Market?

Tata Consultancy Services (TCS), The International Business Machines Corporation (IBM), Hewlett-Packard (HP), Honeywell International Inc and Oracle Corporation are the major companies operating in the Bulgaria ICT Market. Read More

What years does this Bulgaria ICT Market cover, and what was the market size in 2023?

In 2023, the Bulgaria ICT Market size was estimated at USD 8.67 billion. The report covers the Bulgaria ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bulgaria ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Bulgaria ICT Market Size & Share Analysis - Industry Research Report

Bulgaria ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Bulgarian ICT Market Report is Segmented by Type (Hardware, Software, Services, and Telecommunication Services), Size of Enterprise (Small and Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities, and Other Industry Verticals). The Market Sizes and Forecasts are Provided for A Value of USD Billion for all the Above Segments.

Bulgaria ICT Industry Overview

The Bulgarian ICT market is moderately competitive due to the presence of significant players like Tata Consultancy Services (TCS), IBM, and Oracle Corporation. Players in the market are widely adopting strategies such as partnerships and product launches to enhance their overall product offerings and gain sustainable competitive advantage.

• February 2024: Evrotrust, a Bulgarian digital identity and trust services provider, recently secured a significant EUR 3.3 million investment. The funding was led by Silverline Capital, a private fund specializing in mezzanine and equity solutions for mid-market enterprises. This investment is assigned for Evrotrust's strategic expansion into new European markets, with a specific focus on broadening its reach into the retail and SMB sectors.

• December 2023: IKEA Bulgaria launched an Artificial Intelligence chatbot, "Sofia," leveraging Microsoft's advanced OpenAI GPT-4 technology. The initiative stems from IKEA's commitment to pioneering customer-centric solutions. By harnessing this advanced technology, IKEA aims to broaden its service offerings and enhance the overall shopping experience, ultimately saving customers valuable time.